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Industrial Margarine Market size to exceed $3.5bn by 2025
- Published Date: September 20, 2019
Industrial Margarine Market size is set to surpass USD 3.5 billion by 2025; according to a new research report by Global Market Insights Inc.
Growing product adoption in baked food industry as a butter & oil substitute to meet increasing consumer demand for low calorie food products should fuel market growth. Rising awareness of various health disorders associated with butter consumption such as coronary artery disease, stroke, obesity, cancer and high blood pressure should stimulate product demand.
Global spreadable type market share surpassed USD 2.5 billion in 2018 owing to significant adoption in India, China, South Korea and Brazil on account of its affordability & potential for diverse uses. Increasing demand for vegan butter substitutes with low saturated fat and high nutrient content should stimulate market growth.
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Global industrial margarine market size from convenience food should exceed USD 650 million up to 2025 pertaining to a substantial elderly population segment and adoption of fast-paced lifestyles. Changing consumer dietary preferences, shortage of time for cooking and growing food expenditure should fuel product demand. Various food manufacturers have developed innovative organic & functional ingredients which allow convenient consumption and advanced packaging which should trigger market growth. Growing consumption of premium convenience food rich in nutrients such as probiotics, fibers, proteins & vitamins along with increasing consumer tendency to sample various cuisines should drive industry growth.
U.S. plant-based industrial margarine market witnessed a consumption of over 680 kilo tons in 2018 owing to rising demand for natural & organic food products. Manufacturers are increasingly offering vegan-friendly products owing to rising environmental awareness and concerns regarding animal rights. Rising number of product launches in fat-free, low-fat and fortified varieties offering additional nutrients such as vitamin D should further stimulate market growth.
Browse key industry insights spread across 190 pages with 306 market data tables and 27 figures & charts from the report, “Industrial Margarine Market Size By Source (Plant, Animal), By Form (Hard Margarine, Soft Margarine), By Type (Butter Blend, All Purpose, Spreadable), By Application (Confectionery, Sauces, Spreads & Toppings, Bakery, Convenience), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Netherlands, Belgium, Russia, China, India, Japan, South Korea, Indonesia, Thailand, Australia, Brazil, UAE, Saudi Arabia, South Africa, Iran), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Germany soft industrial margarine demand surpassed USD 45 million in 2018 and should witness significant growth pertaining to rising product availability in grocery stores and supermarkets. This product finds routine adoption in various baked products such as cookies, cakes, pastries, and biscuits owing to its ability to improve flavor & mouthfeel. Growing adoption of healthy lifestyles and increasing consumption of nutritious & allergy-free bakery products should fuel market growth.
China industrial margarine market from confectionery applications should register gains of about 4% up to 2025 pertaining to increasing demand for low-sugar mints. Increasingly busy consumer lifestyles have enhanced the efficiency of internet retailing of sugar confectionery owing to low prices, frequent promotions and convenience which should stimulate domestic market growth. The presence of a significant young population segment, and growing consumption of sugar confectionery & gums as snacks between meals should boost product demand. Rising disposable incomes has led to significant consumption of premium chocolate confectionery, primarily as boxed assortments, should further accelerate market growth.
Puratos, Conagra Brands, Currimjee Group, Bunge, Fuji Oil, Richardson International, Sime Darby Oils and Wilmar International are the chief industry participants in the market. Various manufacturers are launching new products to satisfy the rising demand for natural products from the bakeries sector and in acquisitions to expand production capacity.
Industrial Margarine market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2014 to 2025, for the following segments:
- Hard margarine
- Soft margarine
- Butter blend
- All purpose
- Sauces, spreads & toppings
- Convenience food
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa